The 7 deadly sins of retirement planning

7 deadly retirement planning sins

Dante's seven deadly sins have long been deemed to be the main avenues to eternal damnation. Any aspect of life, then, is fodder for examination using the seven sins as benchmarks -- including retirement planning.

Seem like a stretch? Not really. Human foibles are apparent in all areas of personal finance -- they can throw you off course during your earning years, and they can do lasting damage as you approach retirement. Pride, envy, wrath, greed, sloth, gluttony and lust all lead to behaviors that can set you back from achieving important goals.

If you have a nagging feeling that you could be doing a better job of retirement planning, check out these seven common offenses and learn how to get yourself back on track.

CDs and Investment

Dear Dr. Don, What's the best place to invest $3,000 for the long term? I'm interested in earning the best rates with low or no fees. Thanks, -- Cheryl Compounds Dear Cheryl, You've got (at least) three questions to... Read more

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